Access flexible revolving credit with lower rates than credit cards. Only pay interest on what you use.
Access funds as needed during draw period
Significantly better than credit cards
Only pay interest on funds used
Fully licensed mortgage professionals
Award-winning HELOC solutions
Homeowners trust our expertise
Access to best market rates
A Home Equity Line of Credit offers unmatched flexibility for homeowners who need access to funds over time
HELOC rates are typically much lower than credit cards and personal loans because your home secures the line of credit.
Draw funds as needed during the draw period, repay, and draw again—similar to a credit card but with better rates.
Access up to 85% of your home's value minus any existing mortgage balance, providing substantial funding for major expenses.
Unlike a lump sum loan, you only pay interest on the amount you actually withdraw from your HELOC.
Interest may be tax-deductible when used for home improvements (consult your tax advisor for specifics).
Ideal for ongoing home improvement projects where you need funds over time rather than all at once.
Understanding the differences helps you choose the right financing option for your needs
Bottom line: Choose a HELOC for ongoing flexibility and lower costs when you need funds over time. Choose a traditional home equity loan if you prefer fixed payments and need all funds immediately.
Get approved and access your home equity quickly with our streamlined process
Complete our streamlined HELOC application online or speak with a mortgage specialist. We'll review your home equity, credit profile, and financial goals.
We'll order a property appraisal or use alternative valuation methods to determine your available equity. This establishes your maximum credit line.
Once approved, we'll finalize your HELOC terms including your credit limit, draw period, interest rate, and repayment schedule.
Once closed, access your HELOC funds via checks, debit card, or online transfers. Draw funds as needed during your draw period.
During this time, you can withdraw funds as needed and typically make interest-only payments.
After the draw period ends, you can no longer withdraw funds and must repay both principal and interest.
Discover how homeowners are leveraging their equity with smart financing
Small Business Owner & Homeowner
"The HELOC gave us exactly what we needed for our kitchen renovation. We could draw funds as each phase was completed, and the interest rate was half what we'd pay on a credit card. The team explained everything clearly and made the process smooth."
Freelance Consultant & Property Owner
"As a freelancer with variable income, I love having the HELOC as a financial safety net. I only use it when needed, and only pay interest on what I actually borrow. It's given me tremendous peace of mind and flexibility for managing my business cash flow."
Get answers to common questions about HELOCs
A HELOC is a revolving line of credit that allows you to borrow, repay, and borrow again during the draw period—similar to a credit card but secured by your home. A home equity loan provides a lump sum upfront with fixed payments. HELOCs typically have variable interest rates, while home equity loans usually have fixed rates.
Most lenders allow you to borrow up to 85% of your home's appraised value, minus any outstanding mortgage balance. For example, if your home is worth $400,000 and you owe $250,000 on your mortgage, you could potentially access up to $90,000 ($400,000 × 0.85 = $340,000 - $250,000 = $90,000).
You can use HELOC funds for virtually any purpose: home renovations, debt consolidation, education expenses, emergency funds, business investments, or major purchases. However, interest may only be tax-deductible when used for substantial home improvements—consult your tax advisor.
HELOCs typically have a draw period of 5-10 years (when you can borrow funds and usually make interest-only payments) followed by a repayment period of 10-20 years (when you can no longer borrow and must repay principal plus interest). Terms vary by lender.
HELOC interest rates are typically variable and tied to the prime rate, though some lenders offer fixed-rate options. Rates are generally much lower than credit cards or personal loans because your home secures the line of credit. Current rates vary based on creditworthiness and market conditions.
Fees vary by lender but may include application fees, appraisal fees, annual fees, and closing costs. Some lenders offer no-closing-cost HELOCs with competitive rates. We'll provide a complete fee breakdown upfront so there are no surprises.
Most lenders require a credit score of at least 620-680, though higher scores typically qualify for better rates. We'll also consider your debt-to-income ratio, employment stability, and available home equity when evaluating your application.
Most HELOCs allow early repayment without prepayment penalties, giving you flexibility to pay down your balance when you have extra funds. This reduces your interest costs since you only pay interest on your outstanding balance. Always confirm prepayment terms with your specific lender.
Get a flexible revolving line of credit with competitive rates. Access funds as needed and only pay interest on what you use.
Years of HELOC Expertise
Home Equity Accessed
Satisfied Homeowners
